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here at home, the american economy is in shambling. obamanomics turned it to food stamp obama nation. war on jobs is crushing the middle class. as american cities declare bankruptcy for the first time ever. so, go ahead with "the view." go ahead with "letterman show." the clooney dinners. i understand you're eye candy. i understand you have your priorities. unfortunately, your priorities don't line up with ours. >> bob: that was very depressing. >> eric: it is depressing. >> bob: okay. >> eric: it is depressing. the man has time for the view and letterman but can't meet with netanyahu or tackle the major issues going on in america: jobs. >> bob: i would venture to say most presidents up for re-election, general assembly of the u.n. in september of election year don't have a lot of bilateral meetings -- >> dana: if you're going to say that, why don't you check it out first. we have polls who do things like that all day. >> bob: i checked in with -- >> dana: so you can say -- >> eric: we checked with the people in the brain room and they
here at home, the american economy is in shambling. obamanomics turned it to food stamp obama nation. war on jobs is crushing the middle class. as american cities declare bankruptcy for the first time ever. so, go ahead with "the view." go ahead with "letterman show." the clooney dinners. i understand you're eye candy. i understand you have your priorities. unfortunately, your priorities don't line up with ours. >> bob: that was very depressing. >> eric: it is...
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and arab spring started because of the economy as the whole world has s reacting to the economy. you had wall street over here and then it went from economic frustration to politics. young men throughout the middle east-- rightly so-- ask for political reform. what happened in a lot of countries as young men and women aspire to political reform, those organized like the muslim brotherhood, sort of hijacked the movement so in certain countries when they went to the poll. >> jon: now how would they feel about that term in general? >> but in a way that's democracy because you're more organized. again, i think one of the examples-- about a year ago i was talking to a top british diplomat saying she was in cairo talking to a whole group of young egyptian politicians saying this is fantastic, we're organized, there's a chance to change our country and arab spring is wonderful for us. here's all of us with 70 parties coming together and she said that's the problem. you're 70 and they're one. but that's the process of democracy. >> jon: and you feel what will happen is there will be a co
and arab spring started because of the economy as the whole world has s reacting to the economy. you had wall street over here and then it went from economic frustration to politics. young men throughout the middle east-- rightly so-- ask for political reform. what happened in a lot of countries as young men and women aspire to political reform, those organized like the muslim brotherhood, sort of hijacked the movement so in certain countries when they went to the poll. >> jon: now how...
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Sep 26, 2012
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(laughter) in an ordinary election involving a stagnant economy, global unrest, and the typical incumbent president would be at an enormous disadvantage. unless-- >> does the government have a responsibility to provide health care to the 50 million americans who don't have it today? >> well, we do provide care for people who don't have insurance. we pick them up in an ambulance and take them to the hospital and give them care and different states have different ways of providing for that care. (laughter) >> jon: unless-- normally he would be in trouble unless that incumbent president is running against the guy who just appeared to suggest that we don't need to do a health care plan for uninsured americans because we have emergency rooms! (laughter) and, like, they're open all night. (laughter) they're, like, 7-elevens but-- (cheers and applause) now that-- what he just said is an amazing and unappealing to -lsy statement which on its own would perhaps level the field for the incumbent president but apparently leveling the field isn't good enough for massachusetts mitt "up until i was runn
(laughter) in an ordinary election involving a stagnant economy, global unrest, and the typical incumbent president would be at an enormous disadvantage. unless-- >> does the government have a responsibility to provide health care to the 50 million americans who don't have it today? >> well, we do provide care for people who don't have insurance. we pick them up in an ambulance and take them to the hospital and give them care and different states have different ways of providing for...
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Sep 26, 2012
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the economy was not stimulated. if the economy was stimulated under the obama presidency, the debt would have been less. if he cut the spenting, it would be less. so he has to take responsibility for what is under his want. if you are the c.e.o. of a company that is run this way we would fire your butt. >>neil: a lot people will hang up on you when you tell them the truth that it is up to you. if voters do not hang up on the president, we will keep accepting this, do they, and it could be with any politician, do they invite more of this to happen? >>guest: we have to as an american people in our personal likes, demand accountability. we have to, of our politicians, demand accountability whether they are republican or democrat. can you not run on "hope and change" twice. it is over. >>neil: thank you dave ramsey. one of "the five" joins me now and taking this issue up in 17 or 18 minutes. daydana when you hear that in pt or a broadcast interview, your boss, the bain -- bane of all our existence, what do you say? >>gu
the economy was not stimulated. if the economy was stimulated under the obama presidency, the debt would have been less. if he cut the spenting, it would be less. so he has to take responsibility for what is under his want. if you are the c.e.o. of a company that is run this way we would fire your butt. >>neil: a lot people will hang up on you when you tell them the truth that it is up to you. if voters do not hang up on the president, we will keep accepting this, do they, and it could be...
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consumer spending drives 70% of the nation's economy. good news on the housing market. home prices kept their upward momentum in july in 20 major u.s. cities. on average the standard & poor kay schiller index report prices are up 1.2% thanks to more sales and fewer foreclosures. second straight year-over-year gain after two years without one. if you notice how expensive it's getting to fly. get a load of this. baggage fees are taking off with u.s. carriers hauling in more than $1.7 billion in just the first half of this year. that's the most ever. delta collected the most, nearly $430 million. airlines first started charging for the first checked bag back in 2008. since then just about all the carriers have jumped on board. what are we going to do? >> i know. >> boycott flying? >> they charge for bags, window seats, leg room. they will start charge you to use the bathroom. >> i'll pay for that. >> good point. coming up on the morning news, smart cars get the green light. so-called driverless cars move another step closer to becoming reality in california. this is the mo
consumer spending drives 70% of the nation's economy. good news on the housing market. home prices kept their upward momentum in july in 20 major u.s. cities. on average the standard & poor kay schiller index report prices are up 1.2% thanks to more sales and fewer foreclosures. second straight year-over-year gain after two years without one. if you notice how expensive it's getting to fly. get a load of this. baggage fees are taking off with u.s. carriers hauling in more than $1.7 billion...
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they presumed stocks have not done well because the economy is not the wall. stocks because of the bernanke have done extremely well. he said a couple of years ago, i'm doing this qe stuff that he is talking about to get stocks of. if i get stocks of people feel better. some prices go up. if they feel more they will buy more and build things that we will have more jobs. congress is not doing it. the administration is not doing it, someone has to. that has been helping stocks. his most recent round of stuff, even his own talking as you refer to today, i don't think it's going to work. who knows? lou: and sort of it seems a bit cavalier that the fed presidents is holding forth, you know, the views, but that's fine. also, one can accuse him of being dishonest because there is a reason to question whether it will work because we have never done this before. never had a fed chairman this adventuress. also at the same time it begs a question, how much trouble are we in? shortly ben bernanke would not have taken this extraordinary and unprecedented step of monetary e
they presumed stocks have not done well because the economy is not the wall. stocks because of the bernanke have done extremely well. he said a couple of years ago, i'm doing this qe stuff that he is talking about to get stocks of. if i get stocks of people feel better. some prices go up. if they feel more they will buy more and build things that we will have more jobs. congress is not doing it. the administration is not doing it, someone has to. that has been helping stocks. his most recent...
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it is a challenging time for the world economy as a whole. there was never going to be an economic transformation overnights. a far from being successful, open market-based economies, many of these countries were be set by the vested interests, corruption, and unaccountable institutions. and this created a double problem. and not just a fragile economies, but worse, people who were told they had experienced free enterprise and open markets when they had experienced nothing of the sort. we must help these countries on wind of this legacy of corruption, military expenditure they cannot afford, natural resources unfairly exploited, and what they suffered under for too long. while on the subject of stolen assets, we also have a responsibility to help these countries get back the stolen assets that are rightfully theirs, just as we returned and billions of dollars of assets to libya. it is simply not good enough that the egyptian people continue to be denied these assets long after mubarak is gone. today, i am announcing a new british task force t
it is a challenging time for the world economy as a whole. there was never going to be an economic transformation overnights. a far from being successful, open market-based economies, many of these countries were be set by the vested interests, corruption, and unaccountable institutions. and this created a double problem. and not just a fragile economies, but worse, people who were told they had experienced free enterprise and open markets when they had experienced nothing of the sort. we must...
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Sep 26, 2012
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call or come in today to take control of your personal economy. get one-on-one help from america's retirement leader. woman: what do you mean, homeowners insurance doesn't cover floods? [ heart rate increases ] man: a few inches of water caused all this? [ heart rate increases ] woman #2: but i don't even live near the water. what you don't know about flood insurance may shock you -- including the fact that a preferred risk policy starts as low as $129 a year. for an agent, call the number that appears on your screen. >>> our second story "outfront," mitt romney and president clinton playing. playing nice. the former president gave romney a warm introduction today at the clinton global initiative. actually praising a service program that the republican had supported. and romney returned the favor. >> if there's one thing we've learned in this election season, by the way, it is that a few words from bill clinton can do a man a lot of good. [ laughter ] >> sort of a double-edged sword there, but nonetheless, a fun laugh line. romney went on to lay o
call or come in today to take control of your personal economy. get one-on-one help from america's retirement leader. woman: what do you mean, homeowners insurance doesn't cover floods? [ heart rate increases ] man: a few inches of water caused all this? [ heart rate increases ] woman #2: but i don't even live near the water. what you don't know about flood insurance may shock you -- including the fact that a preferred risk policy starts as low as $129 a year. for an agent, call the number that...
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and making sure the economy is strong. >> woodruff: dorothy stoneman, the founder of the non-profit youthbuild usa - says young people from disadvantaged backgrounds are more apt to base their vote on their immediate circumstances. >> in 2008 they had this hope, they did believe in hope and change, i think some of them are now disappointed because they got their hopes up so high and they haven't seen the kind of change that they imagined. they're not mad, they're disappointed, they're not sure, so they're confused about what does it take to change, which they know their neighborhoods need. >> woodruff: back in columbus, only miles from ohio state university, shannon follins worries about her neighborhood. follins who was pregnant at 16, now has two children, works an overnight shift at the waffle house and attends classes during the day. she will vote for the president because she thinks he is more in touch with the needs of her community and her children. >> i don't want my son growing up to be no gang banger shooting people or in and out of prison i don't want my daughter to be a
and making sure the economy is strong. >> woodruff: dorothy stoneman, the founder of the non-profit youthbuild usa - says young people from disadvantaged backgrounds are more apt to base their vote on their immediate circumstances. >> in 2008 they had this hope, they did believe in hope and change, i think some of them are now disappointed because they got their hopes up so high and they haven't seen the kind of change that they imagined. they're not mad, they're disappointed,...
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than the national economy. a lot of people said why is mitt romney talking about debt and deficits? this is just an issue that resonates almost as a psychic. that is one thing to keep it until my. you have the strands that do not always clear in a way that works for you. that is wanting to keep it into my. it is interesting to think about -- when you have this kind of stagnation for much of the country, what does it mean? one thing is if you look at the snap and moment -- in a moment, it is increased dramatically since 2000. same thing for medicaid. limbo clinton gave a speech at the dnc, he was true. -- when bill clinton gave his speech at the dnc, he was s hrewd. when you look at medicaid and who benefits, and it's a lot of white a working-class folks. when you think about how republicans need to talk about it, that the funny thing about mid ryan -- ryan and ryanism. he has until some respects gotten it right. you want to talk about how we care about the safety net. in matters of law to was. a debate dynamics
than the national economy. a lot of people said why is mitt romney talking about debt and deficits? this is just an issue that resonates almost as a psychic. that is one thing to keep it until my. you have the strands that do not always clear in a way that works for you. that is wanting to keep it into my. it is interesting to think about -- when you have this kind of stagnation for much of the country, what does it mean? one thing is if you look at the snap and moment -- in a moment, it is...
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the economy, because the economy's improving with the housing prices yesterday, consumer sentiment up yesterday and also, it fails to recognize that many of republican base, many of them, are social conservatives who care about the economy, but we also care about the moral and spiritual deterioration of our country and i believe that romney needs to speak out and show the distinction between the democrat form, which is embrace gay marriage, doubled down on abortion, which waffled about on whether to include god in the platform. there's never been a time there's a more stark contrast between a democrat and republican. i'm afraid if romney continues this course and doesn't stand and run on the republican flat form, i think a lot of evangelical voters may sit this one out. >> republican platform is against borgs in all caabortion. that's what most americans, the vast majority of americans agree with. are you saying that he should go against with the republican platfo platform, against abortion in all cases? >> i think he needs to make clear he believes in life. my personal view is murder
the economy, because the economy's improving with the housing prices yesterday, consumer sentiment up yesterday and also, it fails to recognize that many of republican base, many of them, are social conservatives who care about the economy, but we also care about the moral and spiritual deterioration of our country and i believe that romney needs to speak out and show the distinction between the democrat form, which is embrace gay marriage, doubled down on abortion, which waffled about on...
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and this workhorse gives you the power of a v8 with the highway fuel economy of a v6. incredible! right? an amazing test drive. i agree. [ male announcer ] it's chevy truck month. now during chevy truck month, get 0% apr financing for 60 months or trade up to get the 2012 chevy silverado all-star edition with a total value of $8,000. hurry in before they're all gone! humans -- sometimes life trips us up. and sometimes, we trip ourselves up, but that's okay. at liberty mutual insurance we can "untrip" you as you go through your life with personalized policies and discounts when you need them most. just call... and speak with a licensed representative about saving on your policy when you get married, move into a new house... [crash!] or add a car to your policy. don't forget to ask about saving up to 10% when you combine your auto and home insurance with liberty mutual. security, coverage, and savings. all the things humans need to make our beautifully imperfect world a little less imperfect. call... and lock in your rate for 12 months. liberty mutual insurance. responsibility. what
and this workhorse gives you the power of a v8 with the highway fuel economy of a v6. incredible! right? an amazing test drive. i agree. [ male announcer ] it's chevy truck month. now during chevy truck month, get 0% apr financing for 60 months or trade up to get the 2012 chevy silverado all-star edition with a total value of $8,000. hurry in before they're all gone! humans -- sometimes life trips us up. and sometimes, we trip ourselves up, but that's okay. at liberty mutual insurance we can...
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economy facing so-called fiscal cliff. that translates to some 600 billion in tax hikes and government spending cuts. due to take effect in the next year. >> i want to grow and invest in the community. i am holding things back because of the uncertainty. >> survey of the national association of neverrers and the independent business revealed 55% say federal regulation, tax, government spending and the cost of health insurance have hurt the economy and their businesses. >> small businesses are on the sidelines. not inclined to invest now until they see what is going to happen between now and the end of the year. >> experts say it's about risk and reward. business owners won't gamble their money when they don't know what the government might impose. >> if we don't maintain the current tax rate, what this means is we'll have to pull back. because it hurts our budget. that means start hiring. >> speaker boehner noted that the house passed a bill for sequestration and would like to extend tax cut for a year to allow time to wor
economy facing so-called fiscal cliff. that translates to some 600 billion in tax hikes and government spending cuts. due to take effect in the next year. >> i want to grow and invest in the community. i am holding things back because of the uncertainty. >> survey of the national association of neverrers and the independent business revealed 55% say federal regulation, tax, government spending and the cost of health insurance have hurt the economy and their businesses. >>...
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so the president has the edge on the economy. even though this was supposed to be mitt romney's strength. if you would have asked us a year ago, even six months ago the race in ohio is going to come down to the economy. most people would have bet that would be bad for the president. right now it's looking not so bad after all, shep. >> shepard: debates sometimes change people's minds. the first presidential debate a week from today. what do we know about how the president is preparing? >> well, we are learning some new information. the president on sunday is going to go to nevada for a couple of nights. and is he going to do some debate prep. john kerry we already knew would be the person who is going to stand in as mitt romney in the mock sessions we are told. they have already had a few of those sessions in washington. now they will be taking it no nevada because it's close to colorado. battleground state. they are trying to lower expectations in the white house by saying look the president hasn't debated since john mccain four
so the president has the edge on the economy. even though this was supposed to be mitt romney's strength. if you would have asked us a year ago, even six months ago the race in ohio is going to come down to the economy. most people would have bet that would be bad for the president. right now it's looking not so bad after all, shep. >> shepard: debates sometimes change people's minds. the first presidential debate a week from today. what do we know about how the president is preparing?...
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. >> it is time to get the real refs and you know what, it reminds me of president obama and the economy. if you can't get it right it's time to get out. >> all right. well, other than that, if we all agree, what is the hold-up? mitch albom is "outfront" tonight. he's author of "the time keeper." number one fiction on "the new york times" best-seller list. mitch, great to see you. it's obviously been reported two sides are meeting today. what are the odds that this is going to get settled? >> not so great. they are actually still pretty far apart. you would wonder why a league that makes $9 billion in revenue is worried about maybe about $10 million apart on a package for the referees, but it's a bit of a power struggle going on and those on the inside say even with all this controversy and these terrible -- it wasn't just that one, it was a whole weekend's worth of bad plays, it still may not be settled any time immediately. >> let's go through some of the sticking points, just because i found it so ironic that you have governors who don't like unions saying bring back the union refs. t
. >> it is time to get the real refs and you know what, it reminds me of president obama and the economy. if you can't get it right it's time to get out. >> all right. well, other than that, if we all agree, what is the hold-up? mitch albom is "outfront" tonight. he's author of "the time keeper." number one fiction on "the new york times" best-seller list. mitch, great to see you. it's obviously been reported two sides are meeting today. what are the...
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the economy there has turned around number one. and number two, i think you've got to say that romney is not resonating with middle class voters, they don't like his business background, don't like his policies. for whatever reason they're not thrilled with obama, it would be ridiculous to say that, but i think the middle class just doesn't like mitt romney. stuart: what would you advise mitt romney to do in the debates one week from now? >> not be super, super aggressive, but being dispassionate and explain in great detail why his prescription would help the economy. i think most people don't get it yet. they don't understand the romney prescription. he has time. i want to emphasize, the race is not over yet. plenty of money, two more unemployment reports to come three presidential debates. he has time, but he has to explain clearly why his plan is better. stuart: i've got one more thing i wish you could explain for me again. again in a poll in ohio out this morning, it gives president obama a 25 point lead amongst women. can you
the economy there has turned around number one. and number two, i think you've got to say that romney is not resonating with middle class voters, they don't like his business background, don't like his policies. for whatever reason they're not thrilled with obama, it would be ridiculous to say that, but i think the middle class just doesn't like mitt romney. stuart: what would you advise mitt romney to do in the debates one week from now? >> not be super, super aggressive, but being...
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and arab spring started because of the economy as the whole world has s reacting to the economy. you had wall street over here and then it went from economic frustration to politics. young men throughout the middle east-- rightly so-- ask for political reform. what happened in a lot of countries as young men and women aspire to political reform, those organized like the muslim brotherhood, sort of hijacked the movement so in certain countries when they went to the poll. >> jon: now how would they feel about that term in general? >> but in a way that's democracy because you're more organized. again, i think one of the examples-- about a year ago i was talking to a top british diplomat saying she was in cairo talking to a whole group of young egyptian politicians saying this is fantastic, we're organized, there's a chance to change our country and arab spring is wonderful for us. here's all of us with 70 parties coming together and she said that's the problem. you're 70 and they're one. but that's the process of democracy. >> jon: and you feel what will happen is there will be a co
and arab spring started because of the economy as the whole world has s reacting to the economy. you had wall street over here and then it went from economic frustration to politics. young men throughout the middle east-- rightly so-- ask for political reform. what happened in a lot of countries as young men and women aspire to political reform, those organized like the muslim brotherhood, sort of hijacked the movement so in certain countries when they went to the poll. >> jon: now how...
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economy. i think if there's one thing that we are learning from all the multilateral surveillance work that we're doing, it's the degree of interconnectedness, of interdependence that all the economies have amongst themselves. so it's -- >> how confident are you? >> i'm desperately confident. [laughter] >> thank you so much. >> maurice? >> morgan goldstein, peterson institute for international economics. managing director, thank you for one of the most interesting speech in discussing eurozone. you indicate -- >> i'm always cautious when i hear an english speaking person so interesting because it can be anything. >> well, you are quite right to. [laughter] but let me proceed anyway. >> all right. >> you indicated that discussing the eurozone, there was a need for a growth friendly measures, not just austerity. but outside of the ecb bond buying program, what are those growth friendly measures? why should we think that these will be sufficient to pull the eurozone out of recession? when discuss
economy. i think if there's one thing that we are learning from all the multilateral surveillance work that we're doing, it's the degree of interconnectedness, of interdependence that all the economies have amongst themselves. so it's -- >> how confident are you? >> i'm desperately confident. [laughter] >> thank you so much. >> maurice? >> morgan goldstein, peterson institute for international economics. managing director, thank you for one of the most interesting...
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that is what we can do to the economy. that is what we can do today, so i am looking forward to working with republicans to reduce our deficit, but i refuse to us middle-class families to give up their deductions to pay for another millionaire tax cut. [applause] i refuse to ask all the students to pay more for college or to kick children off the headstart program so i can take a tax break we do not need. [applause] we're not going to kick the for an elderly and disabled out of healthcare to pay for a tax cut fed does not help us grow, and i will not turn -- that does not help us to grow, and i will not turn medicare into a voucher. after a lifetime of labor, no american should have their retirement years spent at the mercy of insurance companies. station retire with dignity and respect. -- they should retire with dignity and respect. they have earned it. we will reform and strengthen medicare by actually reducing costs, not by dumping those costs on to seniors. the same thing with social security. we will take steps to st
that is what we can do to the economy. that is what we can do today, so i am looking forward to working with republicans to reduce our deficit, but i refuse to us middle-class families to give up their deductions to pay for another millionaire tax cut. [applause] i refuse to ask all the students to pay more for college or to kick children off the headstart program so i can take a tax break we do not need. [applause] we're not going to kick the for an elderly and disabled out of healthcare to...
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presidential elections why is that i mean is that too much of a danger to the global economy they you know people are unhappy right now they are already taking to the streets. i don't think. i don't think it is i mean i think the markets have had a long enough time to digest the situation in greece if greece were default i think it would be it would be concerning but i think markets are been able to. i don't think really people are or are hanging much on what's going to happen in greece of what's not going to happen i think that the concern has moved further west to italy and spain i think that's where the real concern is i don't know what it has to do with politics but certainly the the underlying fundamentals are bad and continue to hear europe so nothing has got better things have only got worse. let's talk about the e.u. leaders they insist on the absolute need to preserve the euro zone but is that possible today i mean you've just spoken about spain with so i can add it to the we've seen how people are out on the streets we saw yesterday lows of protesters out in madrid saying we
presidential elections why is that i mean is that too much of a danger to the global economy they you know people are unhappy right now they are already taking to the streets. i don't think. i don't think it is i mean i think the markets have had a long enough time to digest the situation in greece if greece were default i think it would be it would be concerning but i think markets are been able to. i don't think really people are or are hanging much on what's going to happen in greece of...
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i know what it takes to get this economy going again. i care about the people of america and the difference between me and president obama, is i know what to do and i will do what it takes to get this economy going. [applause] martha: on the campaign trail that was governor mitt romney in the buckeye state where he is expected to be spending a quite a bit of time over next couple of weeks. his campaign insists they're confident about victory in ohio, which of course is probably the most important swing state, despite recent polls show president obama is in the lead there and this is a quote from the romney campaign. there is just a nice, wide, open path. so i'm not, we're not in a situation where we're forced into this boxed canyon to say, we have to win this string of states. but at the end of the day ohio of course will come down to the wire they say. so, let's take a look at average polls, recent polls that come out of ohio where president obama actually leads governor romney by 5%. there are numbers that are much wider margin than th
i know what it takes to get this economy going again. i care about the people of america and the difference between me and president obama, is i know what to do and i will do what it takes to get this economy going. [applause] martha: on the campaign trail that was governor mitt romney in the buckeye state where he is expected to be spending a quite a bit of time over next couple of weeks. his campaign insists they're confident about victory in ohio, which of course is probably the most...
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economy, the u.s. markets because of the fiscal cliff and other issues going the same way of greece and spain. do you still think that is a possibility? because it looks like the u.s. economy in small increments has been getting better. >> it is. but you've got to think about it logically, right? so the s&p 500 stocks, they're up 26% from where they were last year, right? now, here's where it gets interesting. this quarter, q3, analysts are expecting a 2.7% drop in earnings, but yet the market's march higher. i'm okay with this quarter, actually, i'm kind of okay with it. i think the economy's still a little bit in stall speed. here's why i have a problem. i have a problem in q4, analysts are expecting a jump of 9.5%, and in 2013 another jump of 13% over 2012. how are we going to get there? i don't see the catalysts, the real catalysts for this sort of growth. and here's why. margins are at an all-time high. companies can keep cutting costs, right? you can let go of employees, you can make your process
economy, the u.s. markets because of the fiscal cliff and other issues going the same way of greece and spain. do you still think that is a possibility? because it looks like the u.s. economy in small increments has been getting better. >> it is. but you've got to think about it logically, right? so the s&p 500 stocks, they're up 26% from where they were last year, right? now, here's where it gets interesting. this quarter, q3, analysts are expecting a 2.7% drop in earnings, but yet...
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once the campaign to be about the economy and the unemployment rate. it is a difficult position for a republican to be running against a democrat who has a strong record on national security. that has been difficult for the romney campaign. i worked for republicans and democrats in various administrations, so i am not a political person. but it seems to me that republicans always try to run to the right of the democrats, and sometimes accused democrats of being weak on a national security. in this election you have president obama, who has taken us out of iraq, president obama who has waged a very tough war against al qaeda, has gone after the al qaeda leadership, notably osama bin laden, who has taken out some of the terrorists in yemen, including awlaki, an important terrorist figured there. president obama, because of his actions and his impressive record, has boosted american credibility in some parts of the world. governor romney has been trying to assert that president obama is not strong enough on foreign policy, that he has not supported israel
once the campaign to be about the economy and the unemployment rate. it is a difficult position for a republican to be running against a democrat who has a strong record on national security. that has been difficult for the romney campaign. i worked for republicans and democrats in various administrations, so i am not a political person. but it seems to me that republicans always try to run to the right of the democrats, and sometimes accused democrats of being weak on a national security. in...
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economy on your 401k. amy kellogg joins us from london with more. >> reporter: it affects your 401k was the markets of course are corelated and the markets in europe are down. also the s&p derives a significance portion of its earnings from european then american companies have operations overseas that make money in europe, therefore if the economy here is in a bad way that hurts americans. there was this big strike in greece today that got violent when some black-hooded anarchists kind of took advantage of the situation, throwing gasoline bombs at police. they used a general strike and march as a vehicle to just rage against authority. over 50,000 people came out. they are processing the further cuts that are coming their way . many in greece are generally desperate now having seen their salaries drop by more than 20% already since austerity became a way of life in greece. social safety networks are not able to save people. one person at the demonstration was quoted as saying, we are bleeding, we can't ta
economy on your 401k. amy kellogg joins us from london with more. >> reporter: it affects your 401k was the markets of course are corelated and the markets in europe are down. also the s&p derives a significance portion of its earnings from european then american companies have operations overseas that make money in europe, therefore if the economy here is in a bad way that hurts americans. there was this big strike in greece today that got violent when some black-hooded anarchists...
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major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> intel. sponsors of tomorrow. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy, productive life. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: president obama faced an international audience today against the backdrop of a reelection campaign at home and anti-american violence abroad. the president took the stage at the unitedded nations urging the assembledded leaders to address the wave of anger across the muslimorld. >> the attacks of last two weeks are not simply an assault on america. they're also an assault on the very ideals upon which the united nations was founded. if we are serious about these ideals, we must speak honestly about the deeper causes of the crisis. because we fac
major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> intel. sponsors of tomorrow. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy, productive life. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs...
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consumer spending drives 70% of the nation's economy. good news on the housing market. home prices kept their upward momentum in july in 20 major u.s. cities. on average the standard & poor kay schiller index report priced are up 1.2% thanks to more sales and fewer foreclosures. second straight year-over-year gain. if you notice how expensive it's getting to fly. get a load of this. baggage fees are taking off with u.s. carriers hauling in more than $1.7 billion in just the first half of this year. that's the most ever. delta collected the most, nearly $430 million. airlines first started charging for the first checked bag back in 2008. what are we going to do? >> they charge for bags, window seats, leg room. they will start charge you to use the bathroom. >> i'll pay for that. >> good point. coming up on the morning news, smart cars get the green light. so-called driverless cars move another step closer to becoming reality in california. this is the morning news. [ white ] in my kitchen the heart of a great dish is a great tasting stock. knorr homestyle stock. it's con
consumer spending drives 70% of the nation's economy. good news on the housing market. home prices kept their upward momentum in july in 20 major u.s. cities. on average the standard & poor kay schiller index report priced are up 1.2% thanks to more sales and fewer foreclosures. second straight year-over-year gain. if you notice how expensive it's getting to fly. get a load of this. baggage fees are taking off with u.s. carriers hauling in more than $1.7 billion in just the first half of...
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lou: what impact will that have with the over stimulated the economy? >> it is crazy. lou: we cannot go back to the old ways but those who do with policy with the economy we have. >> ehud are scaring me. old-line accounting is still good. sound money, a free trade come amenable regulation, low rates of flat taxes and spending restraint. stand back and the economy welcome back bringing down the deficit. i guarantee. lou: i stand up. [laughter] lou: of party hopeful from misery, akin is awash with new support with a new fund-raiser. john bolton tomorrow on why he will not call enacted terror. and what is propping up and also the vote race for the white house. we will be right back. let's say you need to take care of legal matters. wouldn't it be nice if there was an easier, less-expensive option than using a traditional lawyer? well, legalzoom came up with a better way. we took the best of the old and combined it with modern technology. together you get quality services on your terms, with total customer support. legalzoom documents have been accepted in all 50 states, a
lou: what impact will that have with the over stimulated the economy? >> it is crazy. lou: we cannot go back to the old ways but those who do with policy with the economy we have. >> ehud are scaring me. old-line accounting is still good. sound money, a free trade come amenable regulation, low rates of flat taxes and spending restraint. stand back and the economy welcome back bringing down the deficit. i guarantee. lou: i stand up. [laughter] lou: of party hopeful from misery, akin...
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the economy has shrunk 20% in the last five years. that will be 25% by the end of mechanics year. >> you talk about suicides. who is taking their lives? >> people who end up with nothing. these people who have lost their jobs, will lose their homes. you are talking about huge numbers of people. this is not just small numbers of people. i heard an interesting story today. under the way greece is set up too, if you are unemployed and your dad dies and leaves you the family home, when you get that home, that is counted as income in greece. you will be taxed on that home month to month, so not only do you not have a job job, you can't sell it because the company country is in the toilet, but now you are getting bills. >> it's really discouraging situation. >> family tension. >> when we see these pictures today, michael, do you think we're going to see these pictures or are we going to see more and more of this in the days and weeks to come? >> we've seen in the months in the past two too. this isn't over by a long shot. i mean, greece is
the economy has shrunk 20% in the last five years. that will be 25% by the end of mechanics year. >> you talk about suicides. who is taking their lives? >> people who end up with nothing. these people who have lost their jobs, will lose their homes. you are talking about huge numbers of people. this is not just small numbers of people. i heard an interesting story today. under the way greece is set up too, if you are unemployed and your dad dies and leaves you the family home, when...
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maybe because ohio's economy is on something of a tear right now. unemployment is well below the national average. business formation well above the national average. never mine the republican governor of the state, on wants to take a bow, a lot of business owners across the country did not get the memo. welcome, everyone, glad to have you. so much for
maybe because ohio's economy is on something of a tear right now. unemployment is well below the national average. business formation well above the national average. never mine the republican governor of the state, on wants to take a bow, a lot of business owners across the country did not get the memo. welcome, everyone, glad to have you. so much for
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the eurozone remains the greatest risk for the global economy today. as i said earlier on, the ecb move from two weeks ago with the omc was clearly a turning point. but the countries have to really work together much more cohesively in a much more coordinated manner and order together turned the corner. as you know, european union and the eurozone in particular are not the only threats on the horizon. the united states is also currently a threat. the immediate concern is, many of you know that, is that under the current law there would be a dramatic tightening equal to about 4% of gdp. that's what is, refer to as the fiscal cliff. and that is good. it entails a contraction of 2% of gdp, and that is not good at all, especially if you consider the forecast of growth of the united states is pretty much in the range of 2%. so that is a racing any growth in the united states, would be the consequence of not dealing with the fiscal cliff and not dealing with the debt ceiling, which are both looming threats on the very short-term horizon. and it's not a threa
the eurozone remains the greatest risk for the global economy today. as i said earlier on, the ecb move from two weeks ago with the omc was clearly a turning point. but the countries have to really work together much more cohesively in a much more coordinated manner and order together turned the corner. as you know, european union and the eurozone in particular are not the only threats on the horizon. the united states is also currently a threat. the immediate concern is, many of you know that,...
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i know what it takes to get this economy going again. i care about the people of america. >> reporter: as new polls show ohio slipping away. romney down by ten points in a new poll out this morning, and nearly that in another recent poll. after that video of romney talking badly about the 47% who pay no income tax. today, from romney, more compassion in a new minute-long tv ad. >> president obama and i both care about poor and middle class families. the difference is, my policies will make things better for them. >> reporter: romney's problem is historic, nobody has won the white house without winning ohio, romney sounded optimistic today in an interview with nbc news. >> can you win ohio? >> i'm going to win ohio, in part because i have for support of people in ohio. >> reporter: but the problem, obama is here, too, today, his 29th visit since taking office, and not letting anybody forget that other number, 47%. >> i don't believe we get very far with leaders who write off half the nation as victims who never take responsibility for the
i know what it takes to get this economy going again. i care about the people of america. >> reporter: as new polls show ohio slipping away. romney down by ten points in a new poll out this morning, and nearly that in another recent poll. after that video of romney talking badly about the 47% who pay no income tax. today, from romney, more compassion in a new minute-long tv ad. >> president obama and i both care about poor and middle class families. the difference is, my policies...
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we have got to get this economy going again. megyn: carl cameron joins us live from toledo where governor romney will hold his final event of the day. >> reporter: mitt romney said it and there is a big billboard they will be trotting out. we can't afford four more years and that's the even caps laiftion what romney wants to talk about in the final six weeks of this campaign. there is a reemphasis on jobs and the economy. the core of his campaign, the reason he ran to fix the failed obama economy. he's talking about shared sacrifice, not everybody is going to get a tax cut. it's time for serious leadership to deal with the nation's budget crisis. >> don't be expecting a huge cut in taxes because i'm also going to lower deductions and exemptions. but by bringing rates down we'll be able to let small businesses keep more of their money so they can hire more people. my priorities is jobs and i'll make it happen. >> reporter: bigger crowds and raucous rhetoric from romney. romney has a new ad out in which he speaks directly to camer
we have got to get this economy going again. megyn: carl cameron joins us live from toledo where governor romney will hold his final event of the day. >> reporter: mitt romney said it and there is a big billboard they will be trotting out. we can't afford four more years and that's the even caps laiftion what romney wants to talk about in the final six weeks of this campaign. there is a reemphasis on jobs and the economy. the core of his campaign, the reason he ran to fix the failed obama...
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a temporary aid package can give an economy a boost. it can fund projects that can pay some bills, employs some people for a time, but it cannot sustain an economy for the long term. it cannot pull the whole weight because at some point the money runs out. but an assistance program that helps unleash free enterprise can create enduring prosperity. free enterprise is based on mutual exchange, millions of people buying, trading, building, investing. it has its ups and downs. it is not perfect. it is more reliable and more durable, and ultimately history has shown it is more successful. by the way, perhaps the best example of the good that free enterprise can do is by looking at the example of the developed world itself. my friend arthur at the american enterprise institute has pointed out before 1800 living standards in the west were appalling. a person born in the 18th century lived as his great- great-grandfather had. life was overwhelmed with disease and danger and early death. starting in 1800 the west began two centuries of free ente
a temporary aid package can give an economy a boost. it can fund projects that can pay some bills, employs some people for a time, but it cannot sustain an economy for the long term. it cannot pull the whole weight because at some point the money runs out. but an assistance program that helps unleash free enterprise can create enduring prosperity. free enterprise is based on mutual exchange, millions of people buying, trading, building, investing. it has its ups and downs. it is not perfect. it...
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we're going to do the things that ignite this economy. those five things i describe will get america's economy going again, will help people find jobs that need those jobs. we'll get take-home pay to come up again. this is not a mystery. we know how to do it. america has faced challenges before. when we have strong leaders, when we have people who know how to lead and will lead we can get it done. and i am and we will. [ cheers and applause ] [ mitt mitt mitt mitt mitt mitt mitt crowd chanting ] >> i believe in america. and i believe in you. i believe you're going to help me win ohio. i'll tell you that. all right. we love this country. we know what it stands for. we know the power of freedom. we take very seriously the declaration of independence and the constitution. >> mitt romney appearing right now in toledo, ohio before an absolutely raucous crowd there, telling the crowd getting applause for the line "i know the president cares about the people of america he just doesn't know how to help them and i do." >> happening now, mitt romne
we're going to do the things that ignite this economy. those five things i describe will get america's economy going again, will help people find jobs that need those jobs. we'll get take-home pay to come up again. this is not a mystery. we know how to do it. america has faced challenges before. when we have strong leaders, when we have people who know how to lead and will lead we can get it done. and i am and we will. [ cheers and applause ] [ mitt mitt mitt mitt mitt mitt mitt crowd chanting...